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LOANS AND ALLOWANCE (Tables)

3 Months Ended

Mar. 31, 2014

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

	March 31, 2014			December 31, 2013
	(Unaudited)

Construction/Land	$	25,978		$	24,307
One-to-four family residential		136,098			137,298
Multi-family residential		18,107			16,408
Nonresidential		112,067			118,946
Commercial		22,458			24,741
Consumer		3,667			4,326
		318,375			326,026
Unamortized deferred loan costs		494			487
Undisbursed loans in process		(2,063	)		(5,775	)
Allowance for loan losses		(4,196	)		(4,510	)
Total loans	$	312,610		$	316,228

Schedule of the activity in the allowance for loan losses

	Construction/ Land		1-4 Family			Multi-Family		Nonresidential			Commercial			Consumer			Total
	(Unaudited; In Thousands)
Three Months Ended March 31, 2014
Balances at beginning of period:	$	676	$	1,749		$	404	$	1,470		$	189		$	22		$	4,510
Provision for losses		18		256			10		(93	)		(20	)		3			174
Loans charged off		-		(484	)		-		(11	)		-			(38	)		(533	)
Recoveries on loans		-		3			-		12			7			23			45
Balances at end of period	$	694	$	1,524		$	414	$	1,378		$	176		$	10		$	4,196

As of March 31, 2014
Allowance for losses:
Individually evaluated for impairment:	$	195	$	302		$	196	$	97		$	88		$	-		$	878
Collectively evaluated for impairment:		499		1,139			110		1,208			88			10			3,054
Loans acquired with a deteriorated credit quality:		-		83			108		73			-			-			264
Balances at end of period	$	694	$	1,524		$	414	$	1,378		$	176		$	10		$	4,196

Loans:
Individually evaluated for impairment:	$	4,256	$	4,838		$	1,015	$	4,093		$	330		$	-		$	14,532
Collectively evaluated for impairment:		21,360		130,230			16,581		107,264			22,113			3,649			301,197
Loans acquired with a deteriorated credit quality:		362		1,030			511		710			15			18			2,646
Balances at end of period	$	25,978	$	136,098		$	18,107	$	112,067		$	22,458		$	3,667		$	318,375

	Construction/ Land			1-4 Family			Multi-Family			Nonresidential			Commercial		Consumer			Total
	(Unaudited; In Thousands)
Three Months Ended March 31, 2013
Balances at beginning of period:	$	648		$	1,423		$	281		$	1,078		$	133	$	1		$	3,564
Provision for losses		152			176			(3	)		(18	)		2		9			318
Loans charged off		(61	)		(65	)		-			(175	)		-		(31	)		(332	)
Recoveries on loans		18			-			-			294			-		22			334
Balances at end of period	$	757		$	1,534		$	278		$	1,179		$	135	$	1		$	3,884

	Construction/ Land		1-4 Family		Multi-Family		Nonresidential		Commercial		Consumer		Total
	(In Thousands)
As of December 31, 2013
Allowance for losses:
Individually evaluated for impairment:	$	195	$	552	$	196	$	97	$	68	$	-	$	1,108
Collectively evaluated for impairment:		481		1,101		110		1,305		120		21		3,138
Loans acquired with a deteriorated credit quality:		-		96		98		68		1		1		264
Balances at end of period	$	676	$	1,749	$	404	$	1,470	$	189	$	22	$	4,510

Loans:
Individually evaluated for impairment:	$	4,104	$	5,917	$	1,074	$	4,096	$	372	$	12	$	15,563
Collectively evaluated for impairment:		19,866		130,100		14,834		114,145		24,354		4,307		307,606
Loans acquired with a deteriorated credit quality:		337		1,281		500		705		15		19		2,857
Balances at end of period	$	24,307	$	137,298	$	16,408	$	118,946	$	24,741	$	4,326	$	326,026

Schedule of credit risk profile of the corporation's loan portfolio based on rating category

March 31, 2014	Total Portfolio		Pass		Special Mention		Substandard		Doubtful
	(Unaudited; In Thousands)

Construction/Land	$	25,978	$	21,617	$	32	$	4,329	$	-
1-4 family residential		136,098		125,315		4,116		6,336		331
Multi-family residential		18,107		15,865		44		2,198		-
Nonresidential		112,067		104,975		2,663		4,017		412
Commercial		22,458		22,033		11		349		65
Consumer		3,667		3,637		-		30		-
Total loans	$	318,375	$	293,442	$	6,866	$	17,259	$	808

December 31, 2013	Total Portfolio		Pass		Special Mention		Substandard		Doubtful
	(In Thousands)

Construction/Land	$	24,307	$	20,023	$	33	$	4,251	$	-
1-4 family residential		137,298		124,765		4,144		7,691		698
Multi-family residential		16,408		14,798		44		1,566		-
Nonresidential		118,946		110,622		2,686		5,066		572
Commercial		24,741		24,341		8		316		76
Consumer		4,326		4,301		-		25		-
Total loans	$	326,026	$	298,850	$	6,915	$	18,915	$	1,346

Schedule of corporation's loan portfolio aging analysis

March 31, 2014	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Purchased Credit Impaired Loans		Total Loans Receivables
	(Unaudited; In Thousands)

Construction/Land	$	37	$	83	$	159	$	279	$	25,337	$	362	$	25,978
1-4 family residential		1,016		318		790		2,124		132,944		1,030		136,098
Multi-family residential		-		-		-		-		17,596		511		18,107
Nonresidential		524		1,118		2,159		3,801		107,556		710		112,067
Commercial		96		-		207		303		22,140		15		22,458
Consumer		55		10		3		68		3,581		18		3,667
	$	1,728	$	1,529	$	3,318	$	6,575	$	309,154	$	2,646	$	318,375

December 31, 2013	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Purchased Credit Impaired Loans		Total Loans Receivables
	(In Thousands)

Construction/Land	$	207	$	-	$	71	$	278	$	23,692	$	337	$	24,307
1-4 family residential		458		671		2,322		3,451		132,566		1,281		137,298
Multi-family residential		-		-		-		-		15,908		500		16,408
Nonresidential		267		398		940		1,605		116,636		705		118,946
Commercial		66		-		96		162		24,564		15		24,741
Consumer		104		7		7		118		4,189		19		4,326
	$	1,102	$	1,076	$	3,436	$	5,614	$	317,555	$	2,857	$	326,026

Schedule of corporation's nonaccrual loans

	March 31, 2014		December 31, 2013
	(Unaudited)

Construction/Land	$	3,834	$	3,864
One-to-four family residential		2,623		3,833
Multi-family residential		1,015		1,073
Nonresidential and agricultural land		3,592		2,377
Commercial		374		362
Consumer and other		-		5
Total nonaccrual loans	$	11,438	$	11,514

Schedule of principal balances and specific valuation allocations for impaired loans

The following tables present information pertaining to the principal balances and specific valuation allocations for impaired loans, as of March 31, 2014 (unaudited; in thousands):

Impaired loans without a specific allowance:	Recorded Investment		Unpaid Principal Balance		Specific Allowance

Construction/Land	$	2,438	$	2,673	$	-
1-4 family residential		4,107		4,117		-
Multi-family residential		-		-		-
Nonresidential		3,193		4,028		-
Commercial		129		143		-
Consumer		-		-		-
	$	9,867	$	10,961	$	-

Impaired loans with a specific allowance:	Recorded Investment		Unpaid Principal Balance		Specific Allowance

Construction/Land	$	1,818	$	1,831	$	195
1-4 family residential		731		747		302
Multi-family residential		1,015		1,032		196
Nonresidential		900		900		97
Commercial		201		346		88
Consumer		-		-		-
	$	4,665	$	4,856	$	878

Total impaired loans:	Recorded Investment		Unpaid Principal Balance		Specific Allowance

Construction Land	$	4,256	$	4,504	$	195
1-4 family residential		4,838		4,864		302
Multi-family residential		1,015		1,032		196
Nonresidential		4,093		4,928		97
Commercial		330		489		88
Consumer		-		-		-
	$	14,532	$	15,817	$	878

The following tables present information pertaining to the principal balances and specific valuation allocations for impaired loans as of December 31, 2013 (in thousands).

Impaired loans without a specific allowance:	Recorded Investment		Unpaid Principal Balance		Specific Allowance

Construction/Land	$	2,286	$	2,516	$	-
1-4 family residential		4,154		4,184		-
Multi-family residential		52		53		-
Nonresidential		3,194		3,672		-
Commercial		237		395		-
Consumer		-		-		-
	$	9,923	$	10,820	$	-

Impaired loans with a specific allowance:	Recorded Investment		Unpaid Principal Balance		Specific Allowance

Construction/Land	$	1,818	$	1,831	$	195
1-4 family residential		1,763		1,784		552
Multi-family residential		1,022		1,038		196
Nonresidential		902		902		97
Commercial		135		143		68
Consumer		-		-		-
	$	5,640	$	5,698	$	1,108

Total impaired loans:	Recorded Investment		Unpaid Principal Balance		Specific Allowance

Construction/Land	$	4,104	$	4,347	$	195
1-4 family residential		5,917		5,968		552
Multi-family residential		1,074		1,091		196
Nonresidential		4,096		4,574		97
Commercial		372		538		68
Consumer		-		-		-
	$	15,563	$	16,518	$	1,108

Schedule of information related to the average recorded investment and interest income recognized on impaired loans

	Three Months Ended March 31, 2014				Three Months Ended March 31, 2013
	Average Investment		Interest Income Recognized		Average Investment		Interest Income Recognized
	(Unaudited; In Thousands)

Construction/Land	$	4,195	$	33	$	4,820	$	4
1-4 family residential		5,649		47		4,673		32
Multi-family residential		1,038		5		1,091		-
Nonresidential		4,105		28		3,395		17
Commercial		330		1		606		1
Consumer		-		-		12		-
	$	15,317	$	114	$	14,597	$	54

Schedule of troubled debt restructurings by class

	At March 31, 2014				For the Three Months Ended March 31, 2014
	# of Loans		Total Troubled Debt Restructured		# of Loans		Pre-Modification Recorded Balance		Post-Modification Recorded Balance
	(Unaudited; In Thousands)

Construction/Land		11	$	4,124		1	$	219	$	218
One-to-four family residential		11		2,840		3		1,892		2,163
Multi-family residential		1		1,015		-		-		-
Nonresidential and agricultural land		4		1,487		-		-		-
Commercial		8		264		1		-		16
Consumer		-		-		-		-		-
		35	$	9,730		5	$	2,111	$	2,397

	At March 31, 2013				For the Three Months Ended March 31, 2013
	# of Loans		Total Troubled Debt Restructured		# of Loans		Pre-Modification Recorded Balance		Post-Modification Recorded Balance
	(Unaudited; In Thousands)

Construction/Land		6	$	4,285		2	$	-	$	170
One-to-four family residential		15		3,864		6		240		245
Multi-family residential		1		1,038		-		-		-
Nonresidential and agricultural land		7		2,455		2		935		935
Commercial		11		355		4		38		98
Consumer		-		-		-		-		-
		40	$	11,997		14	$	1,213	$	1,448

Schedule of troubled debt restructurings by type of modification

March 31, 2014	Interest Only		Term		Combination		Total Modifications
	(Unaudited; In Thousands)

Construction/Land	$	-	$	218	$	-	$	218
One-to-four family residential		-		96		2,067		2,163
Multi-family residential		-		-		-		-
Nonresidential		-		-		-		-
Commercial		-		-		16		16
Consumer		-		-		-		-
	$	-	$	314	$	2,083	$	2,397

March 31, 2013	Interest Only		Term		Combination		Total Modifications
	(Unaudited; In Thousands)

Construction/Land	$	-	$	-	$	171	$	170
One-to-four family residential		-		14		231		245
Multi-family residential		-		-		-		-
Nonresidential		-		-		935		935
Commercial		-		-		98		98
Consumer		-		-		-		-
	$	-	$	14	$	1,434	$	1,448